TomK2023
Expert Alumni

Retirement tax questions

Yes.  If you haven’t already funded your retirement account for 2023, you have until the tax return filing due date to do so (April 15, 2024). That’s the deadline for contributions to a traditional IRA, deductible or not, and to a Roth IRA.

 

If you have a Solo 401k, Keogh or SEP and you get a filing extension to October 15, 2024, you can wait until then to put 2023 contributions into those accounts.

 

Making a deductible contribution will help you lower your tax bill this year. 

 

Please see this TurboTax article for more information: Tax Tips After January 1, 2024

 

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